Do you think Ordinals should be cancelled?

@bitcoins

Binance will remove and cease trading on the following spot trading pairs:

At 2023-05-11 03:00 (UTC): AR/BNB, BURGER/BNB, JASMY/BNB, JASMY/ETH, OMG/BTC

At 2023-05-11 06:00 (UTC): PROS/ETH, UNFI/ETH, VIB/ETH, VITE/BUSD, WAVES/BNB, WRX/BNB

https://www.binance.com/en/support/announcement/notice-of-removal-of-trading-pairs-2023-05-11-7734f3d4ddd14d65a7cc1563115fe30b

Digital asset investment products saw outflows totaling $54m last week, representing the 3rd consecutive week of negative sentiment for the asset class.

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Don't!!

Binance battles FUD as CPI and Bitcoin collide: 5 key takeaways for traders:

1 Binance comes to the spotlight once again
2 BTC hits 2-week lows
3 CPI data set to affect the crypto market
4 NVT highlights saturated network
5 BTC miners suffer crypto winter troubles

https://www.cryptopolitan.com/binance-battles-fud-as-cpi-and-btc-collide/

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Uniswap Labs has added an NFT viewing and creation functionality to the Uniswap wallet.

https://twitter.com/uniswap/status/1655659806248652800

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PayPal discloses nearly $1b of crypto assets on balance sheet.

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001633917/000163391723000072/pypl-20230331.htm

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Who do you think has created commendable impact on the crypto markets?

🔥 Brian Armstrong
❤ CZ

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This legendary tweet went out exactly an year ago.

Still vibing?!

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PayPal discloses it held $499m BTC for customers on March 31. That's up from $291m on Dec 31.

Matches BTC's percentage gain in that period. They're buying and holding.

Will be interesting to see any info from Fidelity later this year.

Filing, page 16:

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001633917/000163391723000072/pypl-20230331.htm

Bloomberg: Jane Street Group and Jump Crypto — two of the world’s top market-making firms — are pulling back from trading digital assets in the US as regulators crack down on the industry.

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Binance Will Move AMB, ARK, BTS, DREP, FTT, GFT, JASMY, LOOM, MLN, OAX, OMG, PERL, PNT, SNM, SRM, VGX, WRX, and YFII into the Innovation Zone on 2023-05-10.

The Innovation Zone was introduced to give Binance users a place to trade innovative projects with higher volatility and risk compared to other listed tokens. When we identify such projects during our periodic review, we will move them into the Innovation Zone. Projects placed in the Innovation Zone will be closely monitored on their developments.

https://www.binance.com/en/support/announcement/binance-will-move-amb-ark-bts-drep-ftt-gft-jasmy-loom-mln-oax-omg-perl-pnt-snm-srm-vgx-wrx-and-yfii-into-the-innovation-zone-on-2023-05-10-2f420fa36bcd4fe89dc6855b857b7ea9

Warren Buffett’s stock portfolio is now worth $347 billion.

86% of it is invested in these 8 companies:

Apple
Bank of America
Chevron
Coca-Cola
American Express
Occidental Petroleum
Kraft Heinz
Moody's

Buffett is now sitting on a $130 billion cash pile.

Telegram | Twitter

U.S. CPI in 30 min

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US inflation falls to 4.9%, lower than expectations.

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Ethereum may experience serious pressure on the price in the near future:

The largest staker of ETH coins, Lido Finance, announced the release of an update on May 15, in which the withdrawal of coins from staking pools will become available. The developers claim that the withdrawal will take up to 3 days, and the initial available withdrawal amount from the pool will be about 270,000 ETH ( ~500,000,000$ ).

Also, we recall that in total, more than 6 million ETH are stored in Lido, with a total value of about $12 billion.

Will $0.5 billion shake the price of ETH? We'll find out after May 15.

https://twitter.com/LidoFinance/status/1655656843501355009

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Today #tether announces its Q1 2023 Assurance Report (attestation) 👀

- Net profit for this quarter of $1.48bn leading to a surplus over reserves of $2.44B- an all time high!! 🤯

- This report adds new explicit separate categories for our #Bitcoin  and Gold 🪙 holdings, representing 2% and 4% of our total reserves respectively.

- We have reduced secured loans from 8.7% to 6.5% of reserves. A 25% reduction! We shall continue to 0 as promised.

- Q1/2023 shows direct US T-bill holdings of over $53bn (another all time high for Tether) representing more than 64% of total reserves.

- A massive reduction in bank deposits, lowering our unsecured counterparty exposure.

- All new issuance of tokens in Q1/2023 was invested in US t-bills or placed in overnight reverse repo facilities (fully collateralised by US treasuries). With $7.5bn now directly invested in overnight reverse repo, our reserves continue to be not only extremely high quality but also highly liquid.

To give you a comparison: Blackrock Q1 net income: $1.16 billion

https://twitter.com/paoloardoino/status/1656301275645108224

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UAE’s Royal Group Shorts US Stocks on Global Recession Fears

Royal Group has built short position worth billions of dollars

Firm helps manage one of the world’s biggest family fortunes

https://www.bloomberg.com/news/articles/2023-05-10/uae-s-royal-group-shorts-us-stocks-on-global-recession-fears

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RUMORS: US govt bitcoin wallets on the move.

https://blockstream.info/tx/0d3873d4a9e5b31156605143f27b84a503d69f70df46b31576bc26f7a6c947ae

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New York introduces bill to accept stablecoins as a form of payment for bail.

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